Prairie Village Real Estate Market Conditions & Reports, Prairie Village Market Trends, Kansas

Market Commentary Provided by The Gilkison Group
There are 125 active homes on the market in Prairie Village right now (up to 4.9M), 119 are active under 800k. Average price $336,138 with an average DOM of 78 (with the 800k+) included. There are 7 homes on the market that are listed above 8 over 1 million. This skews the average listing price. If I remove the two million plus homes... we get an average listing $253,187 and the days on market goes down to 74.62. Homes are pending to be sold with a high listing price of 800k and months with 65 of them being sold in the last three months. This means the market was consistant over the slow period of the 45 contract were written in the last 30 days. With 125 homes being active and 45 contracts written (gone pending/ contingent or sold) we have a 2.77 month supplu of homes on the market! I believe zpv to be one of the BEST local in Johnston County! Total sold: 144 High list: $789,000 High sale: $780,000 High DOM: 382 %SP/LP: 96 Low list: $94,900 Low DOM:10 %SP/OLP: 93 average List: $229,341 Average sale: $220,460 average DOM: 63

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

The Gilkison Group
Keller Williams Legacy Partners, Inc
Shawnee, Kansas
913-568-3844
Stephanie@StephanieKulp.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

60-90 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$250,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 5-10%

Prices As % of Asking Price

95-100%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Prairie Village is

Seller Activity for the past 90 days in Prairie Village is

Is Financing Available For Qualified Buyers in Prairie Village?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Reason to Buy/Sell

Job Growth

Average Sold Price

$250,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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